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Transcripts For BBCNEWS World Business Report 20240711

We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove

GameStop Discounts PS5 Exclusive to Just $6 99

GameStop Discounts PS5 Exclusive to Just $6 99
comicbook.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comicbook.com Daily Mail and Mail on Sunday newspapers.

GameStop confirms closure of Irish stores after losses surpass €40m

Most recent company accounts report GameStop employed more than 230 people across Ireland

Retailer GameStop to cut services across its Irish outlets

GameStop currently operates 35 stores across Ireland, down from over 50 a decade ago

GameStop Loses $100 Million, Says New-Gen Console Stock Should Improve Soon

GameStop's overall revenue and profit declined year-over-year, but better times may be ahead, the company claims.

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